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FCF Margin for Johnson & Johnson (JNJ)

As of · Reported

Metric

TTM

18.4%

YoY change

−1.43pp

Trough year (1998)

-0.2%

Peak year (2021)

25.1%

FCF Margin history chart for Johnson & Johnson (JNJ) from 1989 to 2025

Latest: 20.9%

FCF Margin change chart for Johnson & Johnson (JNJ) from 1989 to 2025

Latest: −1.43pp

FCF Margin history table for Johnson & Johnson (JNJ) from 1989 to 2025

  • 202520.9%-1.43pp
  • 202422.3%+0.91pp
  • 202321.4%-0.06pp
  • 202221.5%-3.61pp
  • 202125.1%+0.65pp
  • 202024.4%+0.17pp
  • 201924.3%+1.56pp
  • 201822.7%-0.54pp
  • 201723.3%+1.64pp
  • 201621.6%-0.95pp
  • 201522.6%+2.72pp
  • 201419.9%+0.47pp
  • 201319.4%+0.84pp
  • 201218.5%+1.00pp
  • 201117.5%-5.20pp
  • 201022.7%-0.22pp
  • 200923.0%+4.27pp
  • 200818.7%-0.86pp
  • 200719.5%-2.04pp
  • 200621.6%+3.28pp
  • 200518.3%-0.61pp
  • 200418.9%-0.99pp
  • 200319.9%+3.16pp
  • 200216.7%-5.33pp
  • 200122.1%+5.22pp
  • 200016.9%+3.72pp
  • 199913.1%+13.36pp
  • 1998-0.2%-13.27pp
  • 199713.0%+1.40pp
  • 199611.6%+0.36pp
  • 199511.3%-1.67pp
  • 199413.0%+4.51pp
  • 19938.4%+0.89pp
  • 19927.5%+2.02pp
  • 19915.5%-1.84pp
  • 19907.4%+2.24pp
  • 19895.1%—

FCF Margin values are taken from Johnson & Johnson's reported income statements (quarterly 10-Q and annual 10-K filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the filing date. YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.

About FCF Margin at Johnson & Johnson (JNJ)

According to Johnson & Johnson's latest reported financial statements, the company's latest reported free cash flow margin is 18.4%. Free cash flow margin is free cash flow divided by revenue — the share of each sales dollar that converts into cash after capital expenditures. Because free cash flow cannot be inflated by non-cash accounting, FCF margin is a clean read on how efficiently a business turns revenue into deployable cash.

Headline figure above is from the reporting period ending (reported ). Chart and table below cover the full reported history back to .

The 2025 reading of Johnson & Johnson (JNJ) free cash flow margin is 20.91% – contracted 1.4 percentage points year-over-year.

The highest annual free cash flow margin of 25.09% was reported in 2021. The lowest in the available history was -0.23% in 1998.

Johnson & Johnson FCF Margin by Year

Johnson & Johnson FCF Margin 2025: 20.9%

2025's free cash flow margin for Johnson & Johnson came in at 20.91%, contracted 1.4 percentage points from 2024.

Johnson & Johnson FCF Margin 2024: 22.3%

Johnson & Johnson posted free cash flow margin of 22.34% in 2024, expanded 0.9 percentage points from 2023.

Johnson & Johnson FCF Margin 2023: 21.4%

In 2023, Johnson & Johnson reported free cash flow margin of 21.43%, contracted 0.1 percentage points from 2022.

Johnson & Johnson FCF Margin 2022: 21.5%

Johnson & Johnson free cash flow margin in 2022 was 21.48%, contracted 3.6 percentage points from 2021.

Johnson & Johnson FCF Margin 2021: 25.1%

Johnson & Johnson free cash flow margin in 2021 was 25.09%.

See more financial history for Johnson & Johnson (JNJ).

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